THESE ARE EXPECTED TO BE RELEASED ANY DAY NOW.... AND WON'T STAY AROUND FOR LONG. I'm taking a note of interested investors at the moment so that we can get plots reserved as soon as we get the ok from the vendor.
Please drop me a quick email to: info@bmvpropertysolutions.co.uk to get yourself on the list. Don't click the BUY IT button at the bottom YET...
These are QUALITY apartments in a sought after residential area. Use Post Code HU13 0RR for your comparables and you'll see 1 Beds from Rent £500 - £650 pcm and up to £850 pcm for 2 beds. Sale prices at various levels. I haven't seen them in person yet but a colleague has and he says 'Very Nice Indeed'. I'll be going to see them as soon as the OK is given.
The builder has these listed FROM £175,000 but we are expecting valuations to come in at (From) £150,000 for 1 apt. Garden apts approx. £160,000 and up to £169,950 for the 3 Bed Penthouse DUPLEX apts. 35% discount will be from these Valuation prices.
Rents should be between £625 - £750 pcm and should stack for 65% LTV Mortgage Products. If some don't quite stack then some of you may need to put a few grand into the deal.... but with 35% Instant Equity (up to £59,500 Equity) that shouldn't bother anyone but the feint hearted.
35% Discount will cover the deposit and investors will need to pay:
Your own side of the legals (Solicitors Provided).
The valuation fee.
Bridging Solution Fee of only £499.
The development is Build Complete so no waiting for the site to be finished.... Excellent location near the Humber Bridge so good commute to Hull, Grimsby, Scunthorpe and more...
As usual, our mortgage broker will be working on the products available and will advise / organise these for you at no cost. Also, we'll be arranging for a local agent to get busy sourcing tenants in order that any extended Void Periods can be avoided.
